Thursday, June 18, 2009

New SDS Trade

The S&P 500 model is a hair from overbought so there may be a bit more upside in the market, but intraday technicals suggest it is likely to be limited if existent. Price is under the major resistance from the last 2 weeks and was not able to put together a broad based large rally on "good news" from jobless claims data, which suggests that buying interest may be sparse.

New Trade Recommendation:

Buy SDS today with a market order. Current price is 55.75 which will be the blog entry price.


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